8Nightly Business Report
reports on what's behind these investor pay-days. >> reporter: costco is doing it. brown forman-- the maker of jack daniels and finlandia is also doing it. today, even whole foods is finding it appetizing. they've all announced special dividends, eager to reward their shareholders with a nice check before expected tax increases happen next year. >> current law says that qualified dividend income tax rates are at 15%. and, if no legislation is passed between now and then end of the year, those rates would go up to as high as 43.4%. >> companies just want to pass along these dividends. it's a thank you to shareholders. it sparks interest in their stock. >> reporter: according to s&p, this month alone 216 companies have declared special dividends. last november only 72 firms decided to make similar payouts. this is not the first time u.s. companies have been so generous. exactly two year ago, there was a significant pickup in the number of u.s. companies declaring special dividends. the threat of higher tax rates for dividends was behind that spike, too. ample cash on a firm's balance sh
plans to increase production of the passat. v.w.'s browning thinks industry- wide sales could hit 15 million units here next year, if the s. quickly solv its budget problems. >> clearly, there's a lot of issues in terms of the fiscal cliff to be addressed, and we don't expect them to be impacting consumer confidence too heavily. but the longer those debates go on, the more uncertainty there is in the market. >> reporter: browning thinks with products like the beetle convertible, volkswagen can continue to gain traction with u.s. consumers. diane eastabrook, nbr, chicago. >> tom: tomorrow on nbr, our friday "market monitor" guest says, cliff or no cliff, next year will be bullish for stocks and the economy. haverford investments' hank smith will join us. finally, kfc at 35,000 feet. starting saturday, kfc meals will be available on some japan airlines flights. it's being billed as "air kentucky fried chicken." travelers will get a two-piece chicken meal with flatbread and coleslaw. why kfc and not sushi? the fast food chain is very popular in japan, especially during the holiday seaso
page at bizrpt. and on twitter @bizrpt. captioning sponsored by macneil/lehrer productions >> brown: with no compromise in sight for a deficit deal, president obama pressed his case at the home of a middle class family in virginia today, part of his pitch to extend tax cuts for all but the very wealthy. good evening, i'm jeffrey brown. >> woodruff: and i'm judy woodruff. on the "newshour"
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